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272 comment(s). Last comment by qps999 at Mar 9, 2019 12:54 AM
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338 posts

Posted by inphyy > Nov 13, 2013 10:20 PM | Report Abuse

KrisEnergy not spare.....closing bell 1.195 -0.065

338 posts

Posted by inphyy > Nov 14, 2013 12:51 PM | Report Abuse


Look like price stay at present range for a while.

Rex look at RH PetroGas...RH PetroGas peep at REX

5 posts

Posted by Skye15 > Nov 14, 2013 2:13 PM | Report Abuse

Good time to average down or should we wait and see? Bought at 0.76.

338 posts

Posted by inphyy > Nov 14, 2013 3:30 PM | Report Abuse

Market sentiment not so good + invisible hands in market to hammer. U think 60 plus cent is the lowest...it can slide below 60...not to forget IPO price at 50 cent

5 posts

Posted by Skye15 > Nov 14, 2013 4:06 PM | Report Abuse

Okie… thanks, will just have to wait for the good news from the oil exploration. Cheers!

338 posts

Posted by inphyy > Nov 15, 2013 7:44 PM | Report Abuse



1 post

Posted by RatedR > Nov 16, 2013 3:22 PM | Report Abuse

Wow at a 21 percent premium price. Looks like Rex desperate to raise cash
as usual.

610 posts

Posted by Alex2012 > Nov 18, 2013 4:08 PM | Report Abuse

why rex drop so much?

338 posts

Posted by inphyy > Nov 18, 2013 4:15 PM | Report Abuse

U cant beat market invisible hands. Be rational than emotional

Low 0.59

waiting for closing bell

610 posts

Posted by Alex2012 > Nov 18, 2013 4:23 PM | Report Abuse

what price should average?

3664 posts

Posted by member41 > Nov 18, 2013 4:33 PM | Report Abuse

walao 55 now... don't catch knife yet

338 posts

Posted by inphyy > Nov 18, 2013 4:50 PM | Report Abuse

If tomorrow come..... Stress test! will IPO price hold on to it?
Only time tell. To all babysitting prepare to go NTUC buy more milk powders to feed...longest days ahead.

338 posts

Posted by inphyy > Nov 18, 2013 5:05 PM | Report Abuse

Closing bell 0.565

2 posts

Posted by twin-joy > Nov 18, 2013 5:44 PM | Report Abuse

there was a blog on this for "shorting" on Rex. Turned out exacly close!!!

338 posts

Posted by inphyy > Nov 19, 2013 11:54 AM | Report Abuse

Hmmm...Stress test today ?

610 posts

Posted by Alex2012 > Nov 19, 2013 1:44 PM | Report Abuse

Oman site should be start drilling now...to buy or not to buy???

19 posts

Posted by Hokkien > Nov 19, 2013 9:29 PM | Report Abuse

Keep on drilling but never find the oil. Avoid this counter.

610 posts

Posted by Alex2012 > Nov 20, 2013 11:49 AM | Report Abuse

start to climb back up...Ganbatte...

287 posts

Posted by albertlaw > Nov 20, 2013 6:45 PM | Report Abuse

http://infopub.sgx.com/FileOpen/REX_...=Announcement& FileID=265168..Normally such news have a positive impact on REX shares

J.P Morgan doing a roadshow in Hong Kong on Nov 21-22 " Asia rising dragons.." for REX.Rex thru its subsidiary LIME buy additional 10 % in...

http://infopub.sgx.com/Apps?A=COW_Co...ement_Content& B=AnnouncementToday& F=1023211#.UoyQBcRmiSo

338 posts

Posted by inphyy > Nov 21, 2013 11:45 AM | Report Abuse

Rex unit gets nod for Norway offshore deal


287 posts

Posted by albertlaw > Nov 25, 2013 5:47 PM | Report Abuse

Announcement out after market close..matter of time they find oil..


Rex International Holding?s jointly controlled entity

spuds first well in Oman

 Jointly-controlled entity Lime?s subsidiary, Masirah, has begun drilling campaign at

Masirah North North #1 (?MNN #1?) in its Block 50 Oman concession

 Selected for drilling after verification by Rex Virtual Drilling technology, MNN #1 is

expected to be about 1,000 metres in depth

SINGAPORE, 25 November 2013 ? Rex International Holding Limited (?Rex International Holding? or the ?Company?, and together with its subsidiaries, the ?Group?), one of the largest companies

listed on the Catalist of the Singapore Exchange Securities Trading Limited, is pleased to announce

that its jointly-controlled entity, Lime Petroleum Plc (?Lime?), through its subsidiary Masirah Oil Ltd

(?Masirah?), has begun drilling an exploration well in Masirah North North #1 (?MNN #1?), located

in the Block 50 Oman concession, on 25 November 2013. This is part of a two-well drilling

programme in the concession.

The prospect MNN #1, which is about 1,000 metres in depth, was selected for drilling after in-depth

technical evaluation and verification using the proprietary Rex Virtual Drilling technology1

, in

addition to confirmations provided via conventional methodologies. The prospect is located in the

northern area of the Block 50 Oman concession which is about 17,000 square kilometres in size. The

well is being drilled using the independent leg cantilever jack-up drilling rig Aban VII.

Rex International Holding holds a 65 per cent stake in Lime. Lime, through Masirah, has a 64 per

cent participating interest in the Block 50 Oman concession, while Petroci Holding, the national oil

company of Ivory Coast, has a 36 per cent participating interest.

1 A proprietary software tool that uses seismic datasets to predict the presence and location of oil in the ground.

287 posts

Posted by albertlaw > Nov 26, 2013 3:47 PM | Report Abuse


Rex International Holding's first oil drilling campaign started this week, on track with the company's expansion schedule. Company photo

REX INTERNATIONAL HOLDING?S first offshore drilling campaign, an event eagerly anticipated by the investment community, has commenced this week, on track with the company's expansion schedule.

Executive Chairman Dan Brostrom: "After our IPO, many investors approached us to buy more shares in Rex International.

"As the IPO share allotment had not been fully taken up, we decided on a placement at 75.5 cents, 51% higher than our 50-cent IPO price.

"With the additional monies, we can participate in opportunities that arose after the IPO. We are now well capitalised for our upcoming drilling campaigns."
Photo by Sim Kih
?We are going for the big offshore finds and that programme starts now, with Oman,? said executive chairman Dan Brostrom during an exclusive interview with NextInsight.

Unlike the typical exploration and production (E&P) company that generates income from crude oil production, Rex International intends to sell original oil in the ground and recycle the sale proceeds as capital for stakes in new concessions.

Current prices of original offshore oil in the ground range from US$5 to US$15 per barrel. The Oman prospect being drilled is about 17,000 square kilometers in size. This suggests that Rex International?s effective stake of 41.6% in the Oman concession can fetch a considerable amount.

By the time the Oman first phase test drilling ends this year, the following will be known:
1) If the oil at the Oman well is commercially recoverable
2) What the geophysical structure of the oilwell is

Mr Brostrom estimates that any sale from its Oman concession can only be completed up to a year later, as time is needed for negotiations and proving of oil reserves to and by prospective buyers.

?We intend to have 5 to 7 offshore drilling campaigns next year,? said Mr Brostrom. This could mean a phenomenal FY2015 performance for Rex International when oilwell sale proceeds roll in.

This rate of drilling campaigns is unprecedented among its E&P peers, and is possible only with Rex International?s unique business model.

A typical E&P company spends three to five years in securing a concession, conducting seismic survey, data appraisal and waiting for oilrig deployment before commencing exploratory drilling.

Rex International, on the other hand, has a business model that sidesteps much of this ponderous process.

With the exception of its first offshore concession from the Oman Sultanate, Rex now gains interest in oilfield concessions from concession holders who have already expended resources on gathering seismic data and other geophysical surveys.

For example, its effective equity interest in North Energy?s offshore licenses ranging from 3% to 8% came about through co-operation agreements for analysing seismic data from these concessions using Rex Virtual Drilling.

?There are many oilfield concession owners who have paid double digit millions for seismic studies and still don't know where the oil is.

"Now that Rex Virtual Drilling can analyse their seismic data in four to six weeks with a high level of accuracy, they are eagerly approaching us,? said Mr Brostrom.

From exploratory drilling to identifying recoverable oil reserves, Rex Virtual Drilling has proven to be more than 50% accurate compared to the global industry average of 15% when traditional methods are used.

"We don't sell our technology. We are not a service company. We will only use our technology for equity interest in concessions that we are keen on,? said Mr Brostrom.

The company's business model is the first of its kind among E&P players, and is the reason why it has is making good and may even exceed its aggressive claims of doubling oilfield concessions from 10 to 20 within a year of listing.

"Four months after listing, we have already grown our portfolio to 15 concessions, beating our target. We have spudded Oman according to schedule. With the added proceeds from our recent placement, we are well capitalised for our expansion plans and for our upcoming drilling campaigns," added Mr Brostrom.

From a high of over 90 cents, Rex's share price has now retreated to 65 cents. Is the price drop justified, given that its projected FY2014 losses are likely to be followed by not just a couple, but several, sizable oil strikes in FY2015? Bloomberg data

Recent story: REX: Recurring Income From JV In Oil Production Service

132 posts

Posted by acg_80 > Nov 28, 2013 4:27 AM | Report Abuse

beautiful, ha ha...hello traders, will intro myself by saying this comp going to fly, follow ken pereira and his exploits. Smart cookie

132 posts

Posted by acg_80 > Nov 28, 2013 4:30 AM | Report Abuse

malaysian fundamental trader from chart nexus, been following this group for last ten years and their milestones around the globe in oil and gas.

815 posts

Posted by asoh > Dec 4, 2013 11:07 AM | Report Abuse

Yes we follow and the latest rumours on Oman is GOOOD

610 posts

Posted by Alex2012 > Dec 5, 2013 12:23 PM | Report Abuse

Oman start drilling already...why price still keep on dropping?

12 posts

Posted by steve84 > Dec 5, 2013 4:03 PM | Report Abuse

Hi all, any news?

815 posts

Posted by asoh > Dec 5, 2013 8:00 PM | Report Abuse

Very soon....

338 posts

Posted by inphyy > Dec 6, 2013 11:15 AM | Report Abuse

Rex International Holding says Lime Petroleum Norway AS, has signed an additional agreement with North Energy ASA to acquire a 20% stake in a new licence in Norway, PL509. PL509 contains oil prospects in areas totalling some 977 square kilometres which are located in the North Sea, south of the Gullfaks area and about 150 kilometres west of Bergen in Norway on the Norwegian Continental Shelf.

815 posts

Posted by asoh > Dec 6, 2013 11:28 AM | Report Abuse

meaning more work offer for REX......

815 posts

Posted by asoh > Dec 10, 2013 3:52 PM | Report Abuse

so quiet here, anyone with surprise news...?

19 posts

Posted by Hokkien > Dec 10, 2013 10:01 PM | Report Abuse

Still can't find the oil although put in so much money, thus, there is no surprise news unless the management need investors to pump in more money.

815 posts

Posted by asoh > Dec 12, 2013 3:38 PM | Report Abuse

When r they going to anounnce the drill sample results analysis??..

312 posts

Posted by ASB79 > Dec 13, 2013 3:34 PM | Report Abuse

Oil found - so keep investing!

3272 posts

Posted by prc4wifefe > Dec 13, 2013 3:52 PM | Report Abuse

Who say????

815 posts

Posted by asoh > Dec 13, 2013 4:04 PM | Report Abuse

Any source of news ASB79

312 posts

Posted by ASB79 > Dec 13, 2013 4:21 PM | Report Abuse

The first rig drilling almost complete - they should make announcement early next week. Positive news...trust it!

815 posts

Posted by asoh > Dec 16, 2013 10:04 AM | Report Abuse

TQ feel it too, yr info create the confident....

815 posts

Posted by asoh > Dec 16, 2013 12:03 PM | Report Abuse

ASB79, any good news?...Price seem slowly down.....collecct or sell....

338 posts

Posted by inphyy > Dec 16, 2013 12:07 PM | Report Abuse



815 posts

Posted by asoh > Dec 16, 2013 12:11 PM | Report Abuse

Thanks...any update on Omen wells drill results....

815 posts

Posted by asoh > Dec 18, 2013 10:10 AM | Report Abuse

Its a loooonng wait for the drilling outcome.....

815 posts

Posted by asoh > Dec 18, 2013 4:32 PM | Report Abuse

oh yes news very soon....QE delay + news ....???

287 posts

Posted by albertlaw > Dec 18, 2013 7:18 PM | Report Abuse

Rex International Holding subsidiary to acquire rest of 25 per cent
stake in South Erin Block in Trinidad & Tobago
 Caribbean Rex to hold 100 per cent working interest in South Erin Block, 100 per cent interest
in Inniss-Trinity and 51 per cent working interest in the Cory Moruga block after completion
of its drilling obligations.  Funding for transaction at asset level; Rex International Holding to invest up to USD 4 million
additional funds early 2014; capital expenditure expected to be self-funding thereafter  Drilling of 5-7 exploration and development wells planned for 2014; with first drilling in first
quarter of 2014
SINGAPORE, 18 December 2013 – Rex International Holding Limited (“Rex International Holding” or the “Company”, and together with its subsidiaries, the “Group”), one of the largest companies
listed on the Catalist of the Singapore Exchange Securities Trading Limited, is pleased to update that
Rex International Holding, has through its 64.17 per cent-owned licence-holding company Caribbean
Rex Limited (“Caribbean Rex”), signed a Share Sale Agreement (“Share Sale Agreement”) to acquire
the remaining 25 per cent stake in Jasmin Oil and Gas Limited (“Jasmin”) from independent third
parties. Jasmin holds 100 per cent of the South Erin Block licence in Trinidad & Tobago.
The transaction is expected to be completed within the next 90 days. Upon the completion of the
transaction, Caribbean Rex shall have a 100 per cent stake in Jasmin and hence, a 100 per cent
working interest in the South Erin Block. The purchase consideration, which is immaterial to the
Group, will be funded internally by Caribbean Rex. Caribbean Rex’s interests in the Incremental
Production Service Contract in Inniss-Trinity remain at 100 per cent and in Cory Moruga at 20 per
cent, which will increase to 51 per cent upon certain conditions for a drilling programme being met.Mr Dan Broström, Executive Chairman of Rex International Holding said, “In line with our prudent
capital management strategy, the funding for the transaction is from the asset level. Rex
International Holding intends to inject additionally up to USD 4 million while Pareto Staur SPV1 AS, the other major shareholder of Caribbean Rex, intends to inject up to USD 2 million into Caribbean
Rex in early 2014, so that the three onshore concessions in Trinidad & Tobago would become self- sufficient in terms of capital expenditure by the end of 2014. The South Erin Block currently has a
production average over the last three months of about 50 barrels per day (bpd) of oil from four
shallow wells. With the increased 100 per cent working interest in South Erin Block and under new
tax legislation in Trinidad & Tobago to be effective in January 2014, all revenue generated from this
oil production can be 100 per cent offset against exploration expenses in Cory Moruga, the potential
of which we have analysed using Rex Virtual Drilling and are very excited about.”
“We plan to drill five to seven onshore wells in our three concessions in Trinidad & Tobago next
year, with the first drilling to be carried out in the first quarter of 2014. Our intention is to prove up
the reserves and put the concessions into production. To unlock value for our shareholders, these
assets may be sold and the capital recycled, or may be spun off into a separately listed entity in a
few years’ time,” Mr Broström added.
Rex International Holding had on 14 August 2013, announced the signing of a term-sheet for access
to the three onshore exploration & production (E&P) licences in Trinidad & Tobago. On 21 October
2013, Rex International Holding announced that it would increase its stake in Caribbean Rex to
64.17 per cent from the initially stated stake of 51.99 per cent by paying a share consideration of
USD 3 million to Fram Exploration ASA (“Fram”), as part of a restructuring exercise in relation to Rex
International Holding’s US concessions and onshore E&P opportunities in the Trinidad & Tobago. The said shares were allotted and issued to Fram on 15 November 2013.

610 posts

Posted by Alex2012 > Dec 26, 2013 12:19 PM | Report Abuse

anyone can advice if it is still worthy to hold?

338 posts

Posted by inphyy > Dec 26, 2013 2:19 PM | Report Abuse

Stocks In Focus SG (City Developments, Rex Int’l Hldg, Singapore Post) – 26/12/13

Rex Int’l Hldg Suspends Drilling Activity In Exploration Well
•Rex International Holdings suspended drilling activity at its first exploration well, Masirah North North #1 (MNN #1) in Block 50 Oman due to safety reasons.
•The MNN #1 well was drilled to a total depth of approximately 1,000 metres below mean sea level. Mud losses in two carbonate sections of the well obstructed the planned target depth to be reached.
•A comprehensive data acquisition coring and logging programme of the formations that were drilled was completed on 21 December 2013. Data analysis indicates presence of non-commercial hydrocarbons.

Significance: Although a disappointment for Rex considering this is its first exploration well, however, the data acquired has assisted Rex’s partners in the Oman Block 50 project to identify a second exploration well as the next drilling location. It is anticipated that drilling at the new location will commence within the next two weeks.

Courtesy of Shares Investment

5240 posts

Posted by anbz > Dec 27, 2013 1:11 AM | Report Abuse

wow RM 60m cost gone already with zero yield...and now will use another RM83m for the 2nd well

why so so expensive ??? and how will the market react to the latest announcement?


338 posts

Posted by inphyy > Dec 27, 2013 2:35 PM | Report Abuse

Rex: Jointly Controlled Entity Completes Drilling Of First Exploration Well In Oman

26 Dec 2013 17:14

Even though the suspension of the drilling campaign was not caused by the use of Rex Technologies (Rex Virtual Drilling), Rex International Holding Limited is disappointed that it did not reach the target area. The portion that was drilled coincide with the result using Rex Virtual Drilling. The Company had no way of validating Rex Virtual Drilling from the portion that was not drilled before the suspension. The collected data from the coring and logging programmes will now be used to refine the geological understanding of the area...


610 posts

Posted by Alex2012 > Jan 7, 2014 8:13 AM | Report Abuse

Oman second well drilling start. anyone still holding this stock?

12 posts

Posted by steve84 > Jan 7, 2014 2:03 PM | Report Abuse

Any TP dude?

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